I bought one for my brother when he was broke. That and Audacity got him recording for
The cool thing about this mic is that it's a large diaphram condenser with built in preamp and analog to digital conversion, all powered by the USB bus, all packaged in the body of the mic.
It's a huge step up from a computer mic and on board sound card, but compared to other home studio gear the quality is noticeably lower. I just noticed it now comes with Sonar LE, which is probably better that Audacity because of MIDI support.